MMP stock: buy or sell?

MMP stock price: $61.80 0.26% At close on May 20th, 2019

Updated on:
May 20th, 2019

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Magellan Midstream Partners shares stayed steady 0.26% to $61.80 today.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States.

Should I buy MMP stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Check the only buy setup that matches with Magellan Midstream Partners stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MAYes
100d MA crossing up 200d MANo

Is Magellan Midstream Partners stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 7 ratings published for MMP stock in the last 30 days.

Is MMP a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-3-26LADENBURG THALM/SH SHn/aBuy
2019-2-5Evercore ISIn/aOutperform
2019-2-27Bank of AmericaBuyNeutral
2019-2-11Credit Suisse Groupn/aNeutral
2019-2-1Wolfe Researchn/aUnderperform
2019-1-28Jefferies Financial GroupBuyHold
2019-1-18SunTrust Banksn/aHold

MMP stock analysis

Daily outlook

Magellan Midstream Partners shares stayed stable 0.26% to $61.80 today.

Magellan Midstream Partners ended today at $61.80 and stayed stable a tiny 0.26%. On Wednesday MMP price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On March, SMA50d and SMA100d crossed up triggering a rise of 4.43%.

MMP stock chart (daily)

Weekly outlook

Magellan Midstream Partners ended this week at $61.80 and remained stable a tight 0.26%. With this, it's been 4 climbing weeks in a row, soaring a 2.38%.

Early May MMP price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

MMP stock chart (weekly)

MMP stock price history

MMP IPO was on March 19th, 2001 at $0.74 per share1. Since then, MMP stock grew a 8,251.40%, with an average of 458.40% per year. If you had invested right after MMP's IPO a $1,000 in MMP stock in 2001, it would worth $82,514.00 today.

1: Adjusted price after possible price splits or reverse-splits.

MMP stock historical price chart

MMP stock reached 52-week highs on August at $69.43, and all-time highs 2017-02-15 with a price of 72.02.

MMP stock price target is $69.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' MMP stock price predictions in the hope that they will be met as they may be wrong and not met. We have 3 price predictions for Magellan Midstream Partners stock released in the last month:
MMP stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-3-26LADENBURG THALM/SH SHSet Price Targetn/a$75.00-
2019-2-11Credit Suisse GroupReiterates$76.00$68.00-10.5%
2019-1-18SunTrust BanksInitiatesn/a$65.00-
(in average)$76.00$69.30-9.0%
Moving in a range from $75.00 and $65.00, the price target for MMP stock is $69.30. In average, analysts' outlook on MMP price target is negative, downsizing the target by a -9.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on May 1st, Magellan Midstream Partners remained steady a slightly fine 1.31%. Unfortunately, reported EPS is not yet available in our database.
MMP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.98n/a
2017-Q2-n/a0.92n/a
2017-Q32017-11-020.970.79-18.6%
2017-Q42018-02-011.131.04-8.0%
2018-Q12018-05-031.011.054.0%
2018-Q22018-08-0211.055.0%
2018-Q32018-11-011.021.17.8%
2018-Q42019-01-311.161.03-11.2%
2019-Q12019-05-011n/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Magellan Midstream Partners annual revenues boosted an extraordinary 12.72% to $2,826.57 M dollars from $2,507.66 marked in 2017. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) rocketed a 12.52% to 47.19%.

To have an up to date view of the financial situation of Magellan Midstream Partners, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Magellan Midstream Partners TTM sales up to were $2,147.79 and income was $1,123.02 million USD. When comparing this TTM figures with the last reported annuality, we can review Magellan Midstream Partners business evolution since December 2018: Annual sales up to , compared to lastest yearly report, collapsed a dreadful -24.01%. By contrast, profit margin (net income/sales) soared at 47.19%.

MMP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,910 M-$582 M30.5%-
2014$2,304 M20.61%$840 M36.4%44.19%
2015$2,188 M-5.00%$819 M37.4%-2.43%
2016$2,205 M0.77%$803 M36.4%-2.00%
2017$2,508 M13.70%$870 M34.7%8.32%
2018$2,827 M12.72%$1,334 M47.2%53.41%
TTM $2,148 M-24.01%$1,123 M52.3%-15.81%

Quarterly financial results

Magellan Midstream Partners posted M in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked M with a profit margin of . Profit margin remained constant a 0.00% compared to previous quarter when profit margin was 36.28%. When comparing turnover to same quarter last year, Magellan Midstream Partners sales marked a spooky correction and plunged a -100.00%.
MMP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$613 M-$223 M36.3%-
2017-Q2$605 M-1.33%$210 M34.8%-5.54%
2017-Q3$573 M-5.35%$199 M34.7%-5.66%
2017-Q4$673 M17.54%$238 M35.3%19.85%
2018-Q1$679 M0.81%$211 M31.1%-11.34%
2018-Q2$644 M-5.11%$214 M33.3%1.66%
2018-Q3$638 M-0.94%$595 M93.2%177.29%
2018-Q4$866 M35.68%$314 M36.3%-47.17%

Magellan Midstream Partners ownership

When you are planning to invest in a company, it's worth to overview its ownership structure.

Magellan Midstream Partners shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.18% of all shares.

In case of Magellan Midstream Partners stock, 69.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MMP stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Magellan Midstream Partners:

MMPBKEPDKLHEPMPLX
Market cap$14.1 B$46.0 M$772.8 M$2.9 B$24.9 B
Total shares228.4 M40.7 M24.4 M105.4 M794.4 M
Float shares227.8 M27.2 M8.7 M45.7 M288.3 M
  - Institutional holdings (%)69.0%36.5%24.5%32.6%32.5%
  - Insider holdings (%)0.2%10.1%64.4%57.0%63.7%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

MMP summary

Monday, May 20th, 2019
Open$61.45
Close$61.80
Day range$61.27 - $61.93
Previous close$61.64
Session gain0.26%
Average true range$1.08
50d mov avg$60.58
100d mov avg$59.54
200d mov avg$60.92
Daily pattern
Weekly pattern

Magellan Midstream Partners performance

To measure stock performance is always good to compare with competitors or related stocks. We selected Blueknight Energy Partners, Delek Logistics Partners, Holly Energy Partners, , Nustar Energy, Plains All American Pipeline, Plains and as the bechmarking frame for Magellan Midstream Partners stock.
Stock3m6m12m
MMPMagellan Midstrea...6.88%5.01%-4.11%
BKEPBlueknight Energy...-39.89%-39.25%-63.67%
DKLDelek Logistics P...8.65%8.54%20.79%
HEPHolly Energy Part...-4.17%1.24%1.76%
MPLX-6.66%-3.38%-6.30%
NSNustar Energy6.80%20.32%33.06%
PAAPlains All Americ...2.96%16.77%11.31%
PAGPPlains3.09%21.63%8.50%
PSXP1.42%8.37%6.04%

Magellan Midstream Partners competitors

One check before trading any stock is to review a list of its competitors, in this case for Magellan Midstream Partners. We selected 8 companies as Magellan Midstream Partners competitors as they are in the same industry or have similar market objectives.

Latest MMP stock news